1. [3 points] Which performance measurement tells you how much more of the budget is required to finish the project (i.e. amount of funds required to complete all remaining work from the current time till the end of the project)? I. ETC II. EV AC [4 points] In the critical path method, which of the following is true? I. The difference between latest finish and latest start is equal to the difference between earliest finish and earliest start The difference between earliest finish and earliest start time gives the slack The difference between latest finish and earliest finish is equal to the difference between latest start and earliest start II and III III I and II I and III II 3. [3 points] Assume that you are a construction project manager and have just built a commercial real estate that cost you $13 million. You estimate the monthly rental income will be $200,000 in first three years and then $115,000 in the following five years. What is the payback period? Round up to the nearest number. PAGE 2 OF 9 NAME: a. 6 years b. 7 years C. 8 years d. 9 years e. None of the above 4. [4 points] Consider the project plan below. Which of the following statements is not correct? July 2021 August 2021 021 Task Free Slack . Total Slack * 6 9 12 15 18 21 24 27 30 3 6 9 12 15 18 21 24 27 30 2 5 8 11 14 Mode * Task Name Final - MC 0 days 0 days 1 A 0 days O days 0 days 2 days 2 days 2 days 0 days 0 days D UT D W N T MO 0 days days 0 days days G 0 days 0 days a) Delaying Activity A by 1 day would delay the project by 2 days b) Delaying Activity B by 1 day would delay the project by 1 day c) Delaying Activity D by 1 day would delay the project by 2 days d) Delaying Activity E by 1 day would delay the project by 1 day e) All of above is correct5. [4 points] Which of the following statements is correct for the Critical Path Method (CPM) calculations? a) Slack of an activity should be less than or equal to the activity duration b) For a given activity slack can be calculated as LF minus LS c) For each activity, LF minus LS should be equal to EF minus ES d) EF of an activity can be greater than equal to LF of the same activity e) None of the above PAGE 3 01-' 9 6. [4 points] There are two project alternatives, and you are asked to use only NPV as the evaluation criteria. Which of the following statement is correct for the NPV assessments below? Project A Project B NPV Minus $250,000 Minus $99,000 Project A should be selected Project B should be selected Either projectA or B should be selected Both project A and B should be selected Neither project A nor B should be selected 7. [2 points] Project managers can only manage one project at-a-time. a] True b) False [2 points] The Tuckman ladder suggest that teams progress through four development phases. Those phases are listed below. Which one matches the following description: Work on the project begins, but initially the team members tend to work independently, which often leads to conflict. a) Performing b) Forming b) Storming c) Norming PAGE 4 o1= 6 [4 points] Microsoft Project gives that free slack for an activity is 2 days and total slack is 4 days. If the activity is delayed for 4 days, which of the following statements would be correct? a) Project duration does not change b) Project will be delayed for 2 days c) Project will be delayed for 3 days d) None of the above is correct